2021-9-10 19:00 |
Starter, a multi-chain community driven launchpad, announced it would host the launch of DeFi token $CUEX of CUE, a community driven protocol, on September 10, Invezz learned from a press release. Starter supports interoperability of IDO (Initial DEX Offering) launches on seven blockchains.
CUEX is a token within the CUE ecosystem with an automatic market maker. It comes with a 10 percent tax on buy and sell, which provides liquidity to all tokens within the ecosystem. Through automated staking and buyback, holders are rewarded with both CUEX and CUE tokens, which is a nice extra.
Lofty goal to change DeFi industryIn support of their lofty aim to change the DeFi industry, Starter will oversee the trading and staking of $CUEX. The first CUEX IDO will take place at the exclusive rate of 1 BNB (BNB/USD) = 8,333,333 CUEX. What’s more, just 400 BNB will be available.
Petros Anagnostou, Co-Founder and CMO of CUE Protocol, commented:
“CUEX operates under the CUE Protocol team and is CUE protocol’s entry into the DeFi world. CUEX will have staking pools for its own ecosystem (CUE/CUEX) and CUEX will also enable other projects to launch staking pools on this new DeFi platform. Its unique tokenomics provide the whole CUE ecosystem with benefits such as liquidity generation and buybacks, which benefit both CUE and CUEX holders.”
Apart from the Starter sale, there is another IDO for the Cue Protocol, which has yet to take place. The team raised 287 BNB during a private sale along with the exclusive Starter IDO rate. Only CUE holders with a minimum of 3 CUE could take part in the sale. CUE Protocol will run the next IDO at the rate of 1 BNB = 7,500,000 CUEX, preceded by a 2,000 BNB hard cap.
CUEX is a highly demanded IDOCUEX was presented to the Starter community after careful curation by the Starter team. Among their successful blockchain projects are Wall Street Bets (WSB), Cake Monster (MONSTA), WISE Token (WISE), Bakery Tools (TBAKE), FOMO Labs (FOMO) and more. Some of them had sold out in a matter of seconds.
The post Community-driven launchpad Starter to Host Launch of CUE Token $CUEX appeared first on Invezz.
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